M&A Deal Summary |
|
|---|---|
| Date | 2006-06-13 |
| Target | The Westin Europa & Regina Venice |
| Sector | Restaurants |
| Buyer(s) | Host Hotels & Resorts |
| Sellers(s) | Starwood Hotels & Resorts Worldwide |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Sector | Real Estate |
| Employees | 163 |
| Revenue | 5.3B USD (2023) |
Host Hotels & Resorts is a premier lodging real estate company. Company own high quality lodging assets in prime urban, airport and resort/convention locations. Creating value through aggressive asset management and disciplined capital allocation to generate superior performance. Host Hotels & Resorts is based in Bethesda, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 9 |
| Sector (Restaurants) | 2 of 6 |
| Type (Divestiture) | 3 of 4 |
| Country (Italy) | 2 of 2 |
| Year (2006) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-04 |
Sheraton Fiji Resort
Nadi, Fiji Sheraton Fiji Resort owns and operates a resort. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-03-24 |
Manchester Grand Hyatt San Diego
San Diego, California, United States The Manchester Grand Hyatt San Diego has a premier waterfront location adjacent to the city's Convention Center. The hotel has approximately 125,000 net square feet of meeting space, including a 34,000 square foot finished exhibit hall, additional ballrooms of 30,000 and 25,000 net square feet, a junior ballroom of 10,000 net square feet, and 41 breakout rooms. |
Buy | $570M |
| Category | Company |
|---|---|
| Founded | 1969 |
| Sector | Leisure |
| Employees | 180,400 |
| Revenue | 5.8B USD (2015) |
Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company with more than 1,270 properties in some 100 countries and over 180,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under the renowned brands: St. Regis, The Luxury Collection, W, Design Hotels, Westin®, Le Méridien, Sheraton, Four Points by Sheraton, Aloft, Element, and the recently introduced Tribute Portfolio™. Starwood was formed in 1969 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 21 |
| Sector (Restaurants) | 2 of 12 |
| Type (Divestiture) | 3 of 21 |
| Country (Italy) | 2 of 4 |
| Year (2006) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-04 |
Sheraton Fiji Resort
Nadi, Fiji Sheraton Fiji Resort owns and operates a resort. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-06 |
The Westin San Diego Gaslamp Quarter
San Diego,, California, United States The hotel offers 450 guest rooms, including eight suites, and more than 27,000 square feet of indoor meeting space including a 9,000 square foot ballroom and outdoor function space. |
Sell | $110M |
